Question
FRANCORP is preparing budgets for the quarter ending March 31. Budgeted sales for the next 5 months are as follows: January 19500 units February 22700
FRANCORP is preparing budgets for the quarter ending March 31. Budgeted sales for the next 5 months are as follows:
January
19500 units
February
22700 units
March
24100 units
April
25000 units
May
24700 units
The selling price per unit is $15. FRANCORP wants ending inventory to be equal to 20% of the following month's budgeted sales in units. As well, assume on December 31 of the previous quarter 4,000 units were on hand.
Determine the required production for the month of March.
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
12th Edition
1439044473, 978-1439044476
